The National Bitcoin Office of El Salvador has taken significant steps to enhance the security of its reserves by redistributing 6,300 BTC across 14 addresses. This decision aims to mitigate risks related to potential threats to cryptographic security.
Reasons for Redistributing Bitcoin Reserves
According to the information on the National Bitcoin Office’s website, the country’s current reserve stands at 6,284 BTC, valued at over 682 million dollars. The coins, which were previously held in a single address, were transferred to 14 new addresses last Friday. Blockchain data shows that no single address holds more than 500 BTC. Authorities emphasize that distributing addresses is critical for risk management.
Discrepancies with IMF Reports
The National Bitcoin Office claims that a directive from President Nayib Bukele mandates the purchase of one BTC daily. However, an IMF report published in July contradicts these claims, stating that the public sector did not purchase any BTC since February. These claims are linked to conditions of a credit agreement with the IMF and have sparked significant public debate. Despite this, the National Bitcoin Office continues to declare daily purchases via the platform X.
Conclusion
Thus, El Salvador is taking active measures to improve the management of its Bitcoin reserves, recognizing potential threats posed by quantum computing. Meanwhile, the situation surrounding daily BTC purchases and the contradictory data from the IMF continue to attract interest and debate within society.
In the current context, El Salvador is taking strategic steps to safeguard its financial assets, highlighting the importance of adapting to future challenges in cryptographic security.
